CFOSAT (the China France Oceanography Satellite) is a joint mission from the Chinese and French Space Agencies, devoted to the observation ocean surface wind and waves so as to improve wind and wave forecast for marine meteorology, ocean dynamics modeling and prediction, climate variability knowledge, fundamental knowledge of surface processes. Currently under Phase D (manufacturing phase), the launch is now planned for mid-2018 the later. The CFOSAT will carry two payloads, both Ku-Band radar: the wave scatterometer (SWIM) and the wind scatterometer (SCAT). Both instruments are based on new concepts with respect to existing satellite-borne wind and wave sensors. Indeed, one of the originalities of CFOSAT is that it will provide simultaneously and in the same zone, the directional spectra of ocean waves and the wind vector. The concept used to measure the directional spectra of ocean waves has never been used from space until now: it is based on a near-nadir incidence pointing, rotating fan-beam radar, used in a real-aperture mode. In this paper we present the CFOSAT mission, its objectives and main characteristics. We then focus on the SWIM instrument, the expected geophysical products and performances. Finally, we present ongoing studies based on existing satellite data of directional spectra of ocean waves (Sentinel-1, ..) and carried out in preparation to CAL/VAL activities and to future data exploitation.